Baptiste Accounting Services expects its accountants to work a total of 30,000 direct labor hours per year.The company's estimated total indirect costs are $152,000.The direct labor rate is $104 per hour.The company uses direct labor hours as the allocation base for indirect costs.If Baptiste performs a job requiring 52 hours of direct labor and bills the client using a standard markup of 40% of costs,calculate the amount of the client's bill.(Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar.)
A) $5408
B) $216,320
C) $2269
D) $7940
Correct Answer:
Verified
Q171: When job order costing is used in
Q172: Bacon Financial Advisors provides accounting and finance
Q173: Highland,Inc.,an engineering firm,uses a job order costing
Q174: At the beginning of the year,Rupert
Q175: Journalize the following transactions for Malone Custom
Q177: Mumbai Travel Services provided the following information:
Direct
Q178: Based on the following information,prepare a
Q179: Connecticut Manufacturing began business on January
Q180: Unlike manufacturing companies,service companies use an allocation
Q181: Mira Financial Advisors provides accounting and finance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents